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Chariot Oil Share Chat (CHAR)



Share Price: 15.125Bid: 15.00Ask: 15.25Change: 0.125 (+0.83%)Riser - Chariot Oil
Spread: 0.25Spread as %: 1.67%Open: 15.00High: 15.125Low: 15.00Yesterday’s Close: 15.00


Share Discussion for Chariot Oil (CHAR)


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FQ320MR
Posts: 1,351
Observation
Opinion:No Opinion
Price:17.50
Looks
22 Jul '14
Like our Chairman is dibbing in

Westward Investments Limited, a company which is owned by a discretionary trust of which Adonis
Pouroulis (Non-Executive Director) is one of a number of beneficiaries, has indicated its intention to
participate in the Placing at a minimum value of US$1 million (£585,000).

I guess we now know what our joint brokerage have been bought on board to do !

MR
 
Pegasusmarine
Posts: 416
Off Topic
Opinion:Strong Buy
Price:17.50
Brazil
22 Jul '14
That was quick.... " Commercial terms have been concluded with a third party to fund 50% of this seismic programme to earn 25% equity in the licences with documentation of these terms currently being negotiated. An additional partnering process has been initiated on this acreage to further mitigate risk and share capital investment. "
Pegasusmarine
Posts: 416
Off Topic
Opinion:No Opinion
Price:17.50
Placing done
22 Jul '14
Posted by jimmy on iii

The rns yesterday about the placing states that starting date for the placing was after the rns last night and the closing date was 4.30 pm to day the 22nd July. With payment to be made by the placees by closing to day.
So this is a done deal, just need to wait for the rns about the price , find out who the new institutional shareholders are and try to figure out where the new opportunity is and in what block will they be posting a bank guarantee to guarantee drilling .

Jimmy
Alexios
Posts: 6,440
Off Topic
Opinion:No Opinion
Price:17.50
char
22 Jul '14
Placing price will be determined by the market price as this is done through a bookbuilding process.

25% dilution 50M new shares and £8.8M cash...

Now why are they dressing this old lady?
To appeal some rich and experienced farmer? BP?

Anyone remember the pfc sideshow on blvn?

Interesting anyway

Needs looking at their licenses and obligations for the next year to see which one are they going to drill next.

Not Namibia please :)

All is good
Searcher
Posts: 36,222
Observation
Opinion:No Opinion
Price:17.50
illuminatis
22 Jul '14
As you rightly say..... A wild guess...... Did you just stick your finger in the air to come up with that figure lol
Pegasusmarine
Posts: 416
Off Topic
Opinion:Strong Buy
Price:17.50
Gster
21 Jul '14
Great post - common sense prevails. Behind this need for speed (given we are cash rich and sitting at cash) is something far bigger than any of us know. Larry and co are prudent guys .. And more II ownership is definitely what the doctor ordered. sitting at cash plus more cash at this level does not equal dilution.. It's just more cash to crack on with something good .. Tick tock .. We are getting there ... Now things really are getting exciting !
Gster
Posts: 113
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:17.50
Money raised
21 Jul '14
at little over 50 million shares for8.8 million pounds - lets see hhhmmm looks like 17.5p to me.

lets look at the share price ...17.5p.

the news and the views are whats going to take this up or down. It doesnt look like they are getting sold at a discount or a premium - but it will increase liquidity.. and more importantly for the Pi's it will increase the holding by ii which is one step that should be recognised positively. I am sure they will be relatively long too.

Perhaps the immediate deal Char want to strike could be a game changer. Otherwise you just dont dive into these things.

Char dont burn cash - no need so it is not needed for the running of the business.

.....Come on Nat tweet something like that boy Lenigas

we will write it for you - great news on the funding..wait till you see what we've got in store - we can write the next ones too... all the funding in place news coming soon....the new ii's are over the moon with the potential... just off a call from mearsk.... and so on and so forth...
stubbsy1
Posts: 13,673
Off Topic
Opinion:No Opinion
Price:17.50
That said
21 Jul '14
Sound oil raised at a premium , and just recently
theukboss
Posts: 1,841
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:17.50
View Thread (2)
RE: ducksoup and stubbsy
21 Jul '14
I'm counting on that spike down, to get a good initial 1st Buy in. If the placing is then around 12-13 as some have suggested may happen, i will happily average down if there is an opportunity.

This for me is One for the Med/Long term drawer. I have to be honest CHAR was not even on my "radar" until this evenings RNS. I think that, may bring a bit more interest here.
mcfcnige
Posts: 2,866
Observation
Opinion:No Opinion
Price:17.50
View Thread (2)
ducksoup and stubbsy
21 Jul '14
The best you will get is a spike down by the MMs in the morning..

No investor in there right mind is going to sell tomorrow, we could even end tomorrow up...

There is far more interest tonight than for a long time..

This is the turning point for CHAR investors..



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